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mornabo
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January 15, 2018, 01:46:04 PM |
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You can spend bitcoin at many places. You just have to look. How well have you actually looked? Not all places take bitcoin directly so look out for payment processors in which accept bitcoin as a payment option. I use bitcoin to buy things all the time.
i think for now bitcoin only plays a big role as a lucrative investment, not some people but many people in the world even millions of people who are already using bitcoin benefit and change their lives for the better, it proves that bitcoin plays a role in real life but only in investments only, i have not seen bitcoin play an important role for currency, because you know that there are many problems using bitcoin as a major transaction such as high fees, few that accept bitcoins, others |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Genosx
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January 17, 2018, 06:13:08 PM |
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I think it has a role in our world because bitcoin helps many people who doesn't have a work to earn in many ways. Also bitcoin has a higher value of money when you converted in to our real money.
Many uses it in our world because it is the cryptocurrency wherein the price is so high and its very in demand in many country thats why it has a very big role in our world and also in our life.
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shine035
Newbie
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Activity: 236
Merit: 0
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January 17, 2018, 06:20:29 PM |
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'Bitcoin has no role in real world' but I think BTC is the KING
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friends1980
Legendary
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Activity: 1582
Merit: 1059
nutildah-III / NFT2021-04-01
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January 17, 2018, 06:22:35 PM |
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Great post newbie. Why don't you go and celebrate fiat money on a fiat money forum then?  At this point BTC has become an object of speculation. Once everyone cools down a bit, the real value of blockchain will shine through. You bet you'll be the first one to say you were part of the (late) beginning. |
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9emb3lelit3
Jr. Member
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Activity: 207
Merit: 2
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January 17, 2018, 06:55:10 PM |
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now is a very fast technological advancement era, it has been seen that this bitcoin is growing rapidly as well as its progress and will also establish to work for those who understand and understand the meaning of bitcoin in this real world.
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cryptojoe
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January 17, 2018, 06:59:35 PM |
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BTC has no role to play in the real world affairs? Isn't it money? Money has no value? How do you pay your expenses?
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Abdul Qadeer niazi
Newbie
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Activity: 9
Merit: 0
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January 17, 2018, 07:32:38 PM |
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I think one cannot say that Bitcoin has no role in the real world.
As people are more interacting with Bitcoin day by day so its demand is increasing and different companies had started accepting Bitcoin..
So I think instead of saying that Bitcoin has no role in real world we should know it's importance in Real world.
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CryptoBalds
Member
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Activity: 90
Merit: 10
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January 20, 2018, 07:16:23 AM |
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in this world many said that bitcoin has no role in our real life out world, but they doesn't know that bitcoin is so important to us because we can earn profit from it each and everyday.
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albert11
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January 20, 2018, 07:23:36 AM |
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BTC has no role to play in the real world affairs. People who try to create such a role are confused between asset and currency. The design itself only considers pure virtual activity with no touch with real world. People also mistake the buzz words such as "peer-to-peer", "border-less", "decentralised" etc as the problems to be solved. But sadly these are not real problems. The insignificant problems (speed and fees) are hardly enough to sell and these problems are going away anyway. I have no respect to Nakamoto because he ignored the most important element (govt and authorities) in social situation and still want to sell it as some solution to social situations. Hardly any country has regulatory framework that deals with btc.
The problems are rooted in the philosophy of crypto, not in the code. So, the beauty of blockchain tech is irrelevant for btc. It is like selling a bad app by showing how great Android is.
1) Bitcoin does not provide controlled visibility, because it doesn't recognise the existence of governments. Now if you make changes to provide visibility to authorities, ALL privacy is gone. If you don't, then ALL visibility is gone.
2) Fees are rooted in the design. Whatever consensus you invent for a public blockchain, you can't escape rewarding the work of validating transactions. So zero fees are not possible.
Public blockchains sacrifice all good qualities of a business application for the sake of trust-less environment which is not even actually a problem to solve in many contexts. Also they make it extremely costly to run small amount of code or small storage. Who wants their business code to be validated by all arbitrary people in the world?
Most ICOs are sharing economy concepts similar to uber model. Lack of a responsible intermediary and costs will make these "innovations" to fail, if they ever have to touch real-world activities.
Bulk of the blockchain activity will move to business collaborations which might not even look like a blockchain. Crypto coins will be used in most business blockchains, but these coins will be value-less tokens and very specific to the business or institutional activity.
If bitcoin really has no purpose and in our real world, then why would you think it would exist here and last for years? Why would you think that people will get interest on it and invest their time, money and effort on it? Maybe if you are not a bitcoin users, it will probably no use for you. But for those people who's interest is on it, for them, it is everything. Bitcoin provided jobs here by joining bounties and trading and investments became their profession and number one source of income. If bitcoin is really useless no one would probably use it, right? |
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Icaraswipeout
Newbie
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Activity: 24
Merit: 0
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January 24, 2018, 04:53:50 PM |
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Hey,
you have a point.
However you take as postulate than BTC has to become a liquid currency.
I know it is a bit common and easy to take the example: but le'ts compare it to gold. Wihich is just another convention of value...
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Tanu10
Newbie
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Activity: 79
Merit: 0
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February 01, 2018, 10:05:53 AM |
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Bitcoin has a role in the real word. And if they ever have to thouch real- world activities.
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Austin143
Member
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Activity: 242
Merit: 10
XCH4NGE - Connecting Crypto Users Worldwide!
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February 01, 2018, 10:33:02 AM |
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Bitcoin for me has a huge impact into the real world. You know why ? 'coz nowadays, bitcoin is used as a medium of exchange and the fact that you can easily make payments through online or through blockchain is one of the proof that Bitcoin has a big role in our lives, and the fact that you can build projects like infrastructure that can help the community using only Bitcoin is really amazing, and there's more. So how come that Bitcoin is no role in the real world ? Just my opinion.
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lewis3698
Newbie
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Activity: 210
Merit: 0
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February 01, 2018, 10:38:48 AM |
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Bitcoin has had huge impact on real world but mostly because of blockchain technology that can really change the world drastically  |
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Sean25pogi
Member
Offline
Activity: 364
Merit: 11
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February 02, 2018, 11:54:51 AM |
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No it is not true that they dont have role in our world or society. In fact they prpvide jobs to hopeless people to obtain a stable income which can sustain their daily needs.
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adjudicator
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February 02, 2018, 11:59:05 AM |
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BTC has no role to play in the real world affairs. People who try to create such a role are confused between asset and currency. The design itself only considers pure virtual activity with no touch with real world. People also mistake the buzz words such as "peer-to-peer", "border-less", "decentralised" etc as the problems to be solved. But sadly these are not real problems. The insignificant problems (speed and fees) are hardly enough to sell and these problems are going away anyway. I have no respect to Nakamoto because he ignored the most important element (govt and authorities) in social situation and still want to sell it as some solution to social situations. Hardly any country has regulatory framework that deals with btc.
The problems are rooted in the philosophy of crypto, not in the code. So, the beauty of blockchain tech is irrelevant for btc. It is like selling a bad app by showing how great Android is.
1) Bitcoin does not provide controlled visibility, because it doesn't recognise the existence of governments. Now if you make changes to provide visibility to authorities, ALL privacy is gone. If you don't, then ALL visibility is gone.
2) Fees are rooted in the design. Whatever consensus you invent for a public blockchain, you can't escape rewarding the work of validating transactions. So zero fees are not possible.
Public blockchains sacrifice all good qualities of a business application for the sake of trust-less environment which is not even actually a problem to solve in many contexts. Also they make it extremely costly to run small amount of code or small storage. Who wants their business code to be validated by all arbitrary people in the world?
Most ICOs are sharing economy concepts similar to uber model. Lack of a responsible intermediary and costs will make these "innovations" to fail, if they ever have to touch real-world activities.
Bulk of the blockchain activity will move to business collaborations which might not even look like a blockchain. Crypto coins will be used in most business blockchains, but these coins will be value-less tokens and very specific to the business or institutional activity.
No, that is not true. Bitcoin is a money too that is spent by the people over the world so that bitcoin has also a big role in real world. Before, it is yes because bitcoin can only be use in virtual world but now it is a big no. |
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Panchum
Member
Offline
Activity: 378
Merit: 55
Be Good to me!
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February 02, 2018, 12:14:09 PM |
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BTC has no role to play in the real world affairs. People who try to create such a role are confused between asset and currency. The design itself only considers pure virtual activity with no touch with real world. People also mistake the buzz words such as "peer-to-peer", "border-less", "decentralised" etc as the problems to be solved. But sadly these are not real problems. The insignificant problems (speed and fees) are hardly enough to sell and these problems are going away anyway. I have no respect to Nakamoto because he ignored the most important element (govt and authorities) in social situation and still want to sell it as some solution to social situations. Hardly any country has regulatory framework that deals with btc.
The problems are rooted in the philosophy of crypto, not in the code. So, the beauty of blockchain tech is irrelevant for btc. It is like selling a bad app by showing how great Android is.
1) Bitcoin does not provide controlled visibility, because it doesn't recognise the existence of governments. Now if you make changes to provide visibility to authorities, ALL privacy is gone. If you don't, then ALL visibility is gone.
2) Fees are rooted in the design. Whatever consensus you invent for a public blockchain, you can't escape rewarding the work of validating transactions. So zero fees are not possible.
Public blockchains sacrifice all good qualities of a business application for the sake of trust-less environment which is not even actually a problem to solve in many contexts. Also they make it extremely costly to run small amount of code or small storage. Who wants their business code to be validated by all arbitrary people in the world?
Most ICOs are sharing economy concepts similar to uber model. Lack of a responsible intermediary and costs will make these "innovations" to fail, if they ever have to touch real-world activities.
Bulk of the blockchain activity will move to business collaborations which might not even look like a blockchain. Crypto coins will be used in most business blockchains, but these coins will be value-less tokens and very specific to the business or institutional activity.
No I don't agree that bitcoin has no rule in this world because bitcoin in our community is helping people to have income. Now it's not just income but a big profit if you hold your coins ,trade or invest. So bitcoin serves as a source of income, so bitcoin has a big rule to all over the world. This might be powerful soon in the future to all the world. That one day bitcoin will be the ruler of this earth. |
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android17
Member
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Activity: 259
Merit: 76
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February 02, 2018, 12:22:04 PM |
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Bitcoin has role in real world, it may not be directed but it serves as a new invention to make our lives more convenient. Generally, it provides a new characteristic of money. Also, it contributes to the economic growth wherein It became a trend these days. This also serve as an opportunity to every company more advance with their competitors since they have more ways of issuing payment. In conclusion, though it runs through the internet , it indirectly affects the real world.
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RodeoX
Legendary
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Activity: 3066
Merit: 1147
The revolution will be monetized!
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February 02, 2018, 12:24:49 PM |
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BTC has no role to play in the real world affairs. People who try to create such a role are confused between asset and currency.
I must be confused then, because bitcoin is the only money I have used on the Internet for 7 years.  |
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luchik.009
Newbie
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Activity: 6
Merit: 0
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February 02, 2018, 01:06:34 PM |
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Crypto currency is the money of the future. With a grammatical investment, you can get high returns.
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